Islamic finance is on the rise in Indonesia, but the country must not miss this chance to pave the way for its dream of becoming the world’s largest center for the sharia economy.
Business
Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy.
Indonesia’s digital banking or ‘neo-bank’ boom has slowed. Investors now shun once-glorified digital banks, sending their stock prices plummeting along with other capital-intensive sectors.
Purity products are indeed developed with a different purpose from the usual business. Apart from the quality of the products, the philosophy of the developer and owner is also different.
The Governor of South Sulawesi, Andi Sudirman Sulaiman, has used a roundtable event in Melbourne to highlight infrastructure and education. The Read more
The collapse of Silicon Valley Bank (SVB) and Signature Bank has caused a certain degree of paranoia in the industry, but it is unlikely to bring serious consequences to Indonesia except for sentiments among investors.
Indonesia is aiming for up to $5 billion in furniture export revenue this year which can be achieved by improving raw material supplies and export funding scheme, Chief Economic Minister Airlangga Hartarto said.
Jokowi aims to develop downstream industries at home, but risks trade frictions.
A consortium of Indonesian and Malaysian companies broke ground on a $2.6 billion hydropower plant in Malinau regency, North Kalimantan.
Australia risks missing out on a $US100 billion-plus opportunity as China backs what Indonesia hopes will be the world’s largest green industrial park, in Indonesian territory on the island of Borneo.
Commentary: The latest global report on corruption perception by Transparency International was released and for Indonesia this is a deeply troubling result. For the second time in three years the country suffered a reversal in standing following almost a generation of steady improvement.
How should a climate-vulnerable coastal country heavily dependent on coal transition to a sustainable development path?
Last year, Indonesia and G7 announced a new energy transition funding mechanism called the Just Energy Transition Partnership (JETP). However, Indonesia’s 2024 general elections and the oligarchy have added uncertainty to its implementation.
In many developing countries, the informal economy does make a significant contribution to total economic activity, but in Indonesia, the percentage of its informal economy is very high.
A recent report from the Institute for Energy Economics and Financial Analysis points out that the current trajectory of EV take-up in Indonesia will not meet ambitious domestic targets.
Armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively.
